Illinois residents who purchase Blue Cross and Blue Shield health care coverage through the state insurance exchange may be in for Obamacare sticker surprise, if proposed rate rises by the greatest insurers in Texas and Oklahoma are any indication.
Texas and Oklahoma are potential harbingers of Blue Cross’ costs on the Illinois exchange because entire 3 health policies are owned by the similar company, Chicago-based Health Care Service Corp. Blue Cross is the most famous insurer on the Illinois exchange.
In Texas, Blue Cross and Blue Shield is finding the increases averaging 53.7% across its Affordable Care Act plans, in accordance to documents posted online by the federal government. In Oklahoma, Blue Cross and Blue Shield is seeking rate increases that average 49.2%. It is far from certain if the amount increases will hold up on review, or how much they might change.
Illinois’ proposed amounts have not been made public by the state so it would be premature to discuss, stated HCSC spokesman Mark Spencer. But he cautioned against speculating on the company’s prices in the year of 2017 Illinois individual market because there are differences between states and health insurance is priced regionally.
Similarly, the Illinois Department of Insurance said it could not comment on rate plans filed by Blue Cross and other insurers because the proposals are under consideration. The federal government will make the ACA amounts filed in Illinois public on the day of Aug. 1, stated Anjali Julka, department spokeswoman.
Still, HCSC’s recent history in ACA marketplaces indicates a pattern across its markets. Last year, for instance, the Blue Cross plans in Illinois, Texas and Oklahoma eradicated the PPO coverage sold on those exchanges because the plans no longer made financial sense for the company.
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